OPEC Lowers Forecast for Oil Demand in 2025

• Tuesday, 15th April 2025
• by Fatma Ahmed

The Organization of the Petroleum Exporting Counties (OPEC) announced  that it revised down the oil demand growth expectations for 2025 to 1.3 million barrels per day (mmbbl/d) compared to last year. It attributed thi...

WB: Egyptian Oil, Gas Exports to Increase 30.6% by 2022/23

• Wednesday, 11th January 2023
• by Fatma Ahmed

The World Bank (WB) has expected that Egyptian oil and gas exports will increase by 30.6% to $23.5 billion during the fiscal year (FY) 2022/23. In a press release, the WB stated that Egypt’s current account deficit in...

Russia’s Economy Ministry Expects $337.5B in Energy Export Revenue

• Sunday, 21st August 2022
• by Israa Ibrahim

According to a document from the Russian economy ministry, higher gas export volumes coupled with increasing gas prices will increase Russia’s energy export revenue to $337.5 billion this year, up 38% from 2021,...

Petronas Expects Doubling of LNG Tankers by 2030

• Thursday, 17th September 2020
• by Fatma Ahmed

A Senior Executive at Malaysia’s Petroliam Nasional Bhd (Petronas) expects the number of ships running on liquefied natural gas (LNG) to double by 2030, driven by the shipping industry’s desire to cut emissions, accor...